Tumbaga can be treated with a simple acid, like citric acid, to dissolve copper off the surface. What remains is a shiny layer of nearly pure gold on top of a harder, more durable copper-gold alloy sheet. This process is referred to as depletion gilding.

Tumbaga was widely used by the pre-Columbian cultures of Central America to make religious objects. Like most gold alloys, tumbaga was versatile and could be cast, drawn, hammered, gilded, soldered, welded, plated, hardened, annealed, polished, engraved, embossed, and inlaid.

The proportion of gold to copper in artifacts varies widely; items have been found with as much as 97% gold while others instead contain 97% copper. Some tumbaga has also been found to be composed of metals besides gold and copper, up to 18% of the total mass of the tumbaga.

Tumbaga objects were often made using the lost wax technique and the alloy used was a mixture of copper (80%), silver (15%), and gold (5%). The indicated concentrations varied from object to object. Once the object was taken out of the cast, it was burned and as a consequence, copper from the surface of the object was oxidized to copper oxide and was then removed mechanically. The object was then placed in an oxidizing solution containing, it is believed, sodium chloride (salt), and ferric sulfate. This process removed through oxidation the silver from the surface of the object leaving only gold. When looking through a microscope, one may clearly see the empty spots from where the original elements copper and silver were removed.

In 1992, approximately 200 silver "tumbaga" bars were recovered in wreckage off Grand Bahama Island. They were composed of mainly silver, copper, and gold plundered by the Spaniards during the conquests of Cortés and hastily melted into bars of tumbaga for transport across the Atlantic. Because all the metals that reached Europe were melted back into their constituent metals in Spain, the bars found in the shipwreck are the only known bars of this type that remain.[1]